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Are you looking for a way to benefit the University of Miami both now and in the future? Would you like to simplify your annual and lifetime charitable giving? What if you could support the U, and make gifts to other charities you care about, all from one convenient centralized account? You can accomplish all this, and even more, with a donor advised fund.
A donor advised fund is like a charitable investment account, for the sole
purpose of supporting charitable organizations you care about. When you
contribute cash, securities, or other assets to a donor-advised fund, you
are generally eligible to take an immediate tax deduction. Those funds are
then invested for tax-free growth and you can recommend grants on your
timetable to any IRS-qualified public charity, including the University of
Miami.
If you already have a donor advised fund, you can always support the
University of Miami with grant recommendations from your account. You may
also wish to consider incorporating your donor advised fund into your
estate plan by making a bequest in your will or trust of your donor advised
fund.
Donor Advised Fund
Stock or Cash
Donor Advised Fund
UM
The University of Miami, in partnership with BNY Mellon Charitable Gift
Fund, now offers its own Donor Advised Fund. The University of Miami Donor
Advised Fund is a great new way to formalize your support and commitment to
the U and other qualified charities and receive tax benefits. Once you have
funded your donor advised fund account, you can make gifts to the
University or any other qualified charity at any point during your
lifetime. Click here for more information.
Benefits of a donor advised fund
- Establish a simple and flexible way to maximize the impact of your charitable giving
- Benefit immediately from a charitable income tax deduction in the year that your gift was made
- Receive an estate tax deduction and savings from your gift
- Develop a strategic giving approach on your own timetable that better supports your philanthropic vision
- Support the University of Miami and/or other approved charities you care about from just one account
- Easily centralize record keeping and streamline tax documentation
How a donor advised fund works
- You make an initial, irrevocable gift of cash or stock to fund a donor advised fund.
- The assets in your donor advised fund grow tax-free through professionally managed investments.
- You make grant recommendations to any qualified public charity from your donor advised fund. You may even specify a specific college, program or use.
- You can support your legacy planning by incorporating your donor advised fund into your estate plan.
More on donor advised funds
A donor advised fund has several advantages when compared to a private foundation. The start-up time and costs are minimal for donor advised fund, and gifts to donor advised funds are generally deductible at fair market value. Donor advised funds are also not subject to the distribution requirements and certain excise taxes faced by private foundations.
Contact us
To learn more about how a donor advised fund – including the University of
Miami Donor Advised Fund – works and whether it might be right for you,
please contact us. We
would be happy to assist you and answer any questions you might have.
